JPMORGAN GLOBAL BOND OPPORTUNITIES FUND
Broaden the borders of your bond portfolio.
The Global Bond Opportunities Fund provides flexible, high-conviction exposure across more than 15 fixed income sectors and 50 countries.
RISK/RETURN SINCE INCEPTION
- An unconstrained mandate expands investment horizons beyond traditional fixed income sectors.
- Seeks to deliver total returns by investing flexibly across the entire global fixed income spectrum.
- Portfolio managers Bob Michele, Nick Gartside and Iain Stealey dynamically adjust asset allocation and duration as market conditions evolve.
- Since inception the Fund has provided top-decile performance and risk adjusted returns — plus a compelling yield.1
1 Source: Morningstar as of 3/31/16. Select Shares. Returns ranked as follows: 1-yr, 222/361 funds; 3-yr, 28/320 funds. 5-and 10-year periods n/a. Sharpe Ratio measures a manager’s excess return over the risk-free rate of return (normally the cash return), divided by the standard deviation; the Fund (Select Shares) was ranked as follows: 238/372 funds for one year, 51/348 for three years and 28/386 since inception. Five- and 10-years n/a. Inception date 9/4/12. Ratings reflect risk-adjusted performance. Different share classes may have different rankings. Yield refers to SEC yield.
Look beyond the benchmark
Without a benchmark as a starting point, the global team of over 200 fixed income experts selects its flexible “best ideas” strategy to generate attractive total returns.
Free from rigid regional or sector allocations, the Fund can adopt a conservative allocation in uncertain periods, moving tactically into higher risk opportunities as conditions warrant. The Fund can also adapt its sensitivity to interest rates (duration) depending on the economic backdrop.
HISTORICAL PORTFOLIO WEIGHTINGS BY SECTOR
Fees and Investment Minimums
Total return assumes reinvestment of income.
The Barclays Multiverse Index provides a broad-based measure of the international fixed-income bond market. The Barclays Multiverse Index represents the union of the Barclays Global Aggregate Index and the Barclays Global High Yield Index and captures investment grade and high yield securities in all eligible currencies. The Barclays Global Aggregate Index is a flagship measure of global investment grade debt from twenty-four different local currency markets. The Barclays Global High-Yield Index provides a broad-based measure of the global high-yield fixed income markets. The performance of the index does not reflect the deduction of expenses associated with a fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction of the fund expenses, including sales charges if applicable. An individual cannot invest directly in an index.
The performance of the Lipper Global Income Funds Index includes expenses associated with a mutual fund, such as investment management fees. These expenses are not identical to the expenses charged by the Fund. An individual cannot invest directly in an index.
Total return assumes reinvestment of dividends and capital gains distributions and reflects the deduction of any sales charges, where applicable. Performance may reflect the waiver of a portion of the Fund's advisory or administrative fees and/or reimbursement of certain expenses for certain periods since the inception date. If fees had not been waived and/or certain expenses were not reimbursed, performance would have been less favorable.
©2016, American Bankers Association, CUSIP Database provided by the Standard & Poor's CUSIP Service Bureau, a division of The McGraw-Hill Companies, Inc. All rights reserved.
Under normal circumstances, the Fund will invest at least 80% of its Assets in bonds.
Securities rated below investment grade are considered "high-yield," "non-investment grade," "below investment-grade," or "junk bonds." They generally are rated in the fifth or lower rating categories of Standard & Poor's and Moody's Investors Service. Although these securities tend to provide higher yields than higher rated securities, they tend to carry greater risk.
International investing bears greater risk due to social, economic, regulatory and political instability in countries in "emerging markets." This makes emerging market securities more volatile and less liquid developed market securities. Changes in exchange rates and differences in accounting and taxation policies outside the U.S. can also affect returns.
Under normal circumstances, the Fund will invest at least 40% of its total assets in countries other than the United States.
The Fund may invest in futures contracts, options, swaps, forwards and other derivatives. Many derivatives create leverage thereby causing the Fund to be more volatile than it would be if it had not used derivatives. Derivatives may be more sensitive to changes in economic and market conditions and could result in losses that significantly exceed the Fund's original investment.
The top 10 holdings listed reflect only the Fund's long-term investments. Short-term investments are excluded. Holdings are subject to change. The holdings listed should not be considered recommendations to purchase or sell a particular security. Each individual security is calculated as a percentage of the aggregate market value of the securities held in the Fund and does not include the use of derivative positions, where applicable.